Swedish AI Startup Lovable in Talks for $1.5 Billion Valuation

Lovable, an AI startup that streamlines software development, is in talks for a large funding round that would make it one of Europe’s biggest artificial intelligence newcomers.

The Swedish startup has held discussions with US investors to raise at least $100 million at a valuation of $1.5 billion or higher, according to people familiar with the matter. The talks are early and the terms could change, said the people, who asked not to be named because the information is private.

Founded in 2023, Lovable’s technology helps people without any programming knowledge to build apps and websites. It’s one of a ...